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Topic: How long have you been into cryptocurrency and what have you learnt? (Read 780 times)

sr. member
Activity: 434
Merit: 275
Enjoy 500% bonus + 70 FS
Happy weekend everyone. So this question da important because most people da enter crypto now with the wrong mindset like say na get rich which scheme. So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school. No be for lazy people ahaha. Secondly no need to rush and remove fear for your mind..  make we hear una stories..
Actually bitcoin is not a get rich quick scheme. Anyone who sees or want to assume bitcoin to be a fast way of making money may be misleeding him or herself. It is important to note that bitcoin is volatile assets that add more in value if bought and held for a longer period of time. I have been I the crypto space for quite some time and I can tell you how important it is to buy and HODl bitcoin for much longer.
?
Activity: -
Merit: -
I am just getting started and I can say that it is not an easy nut to crack. I have a lot of confusing moments, but I hope to get better with time.
newbie
Activity: 22
Merit: 6
When it comes to Cryptocurrency, am a total novice, a newbie and I know nothing. In a bid to get this much required knowledge, I joined this forum when I noticed the much shared knowledge about Cryptocurrency & Bitcoin related matters as a friend offered to help out.

One important thing I have learnt is that to be successful in Cryptocurrency, one has to LEARN before embarking. If u have embarked, you must be SMART in dealings, as the crypto world is not for dumb people. One also have to be patient with investments with high hopes for positive future returns if you have studied and analysed carefully before investing. But then, learning, sound knowledge still remains my watch world and I believe this forum and more research will help..
jr. member
Activity: 68
Merit: 1
I am always scared of investing in liquid asset that don't know how the market works, called me old school but after discussing and enlightenment from some group of friends about the Blockchain technology I became much more involved. I guess that's what led me here. One major thing about the cryptocurrency is the accessibility and easier transaction legal tender in all part of the world because of it decentralised nature. Some reliable and stable coins like BTC, EHT and USDT has help in payment of international transactions unlike buying the local currency and sending it manually
member
Activity: 84
Merit: 30
Although I started crypto a few months back but the biggest lesson I have learnt is that you have to be patient
The reason I started crypto was because of a friend of mine that was very rich but since I started I actually learnt to respect him more I now know that it wasn't an easy journey to get to where he is right now
And I won't give up as well hopefully one day me self go smile
newbie
Activity: 23
Merit: 4
Happy weekend everyone. So this question da important because most people da enter crypto now with the wrong mindset like say na get rich which scheme. So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school. No be for lazy people ahaha. Secondly no need to rush and remove fear for your mind..  make we hear una stories..

 Dealing with crypto currency is more of patience and risk taking no doubt I think one should be exposed to this dangers before even thinking of going into it . At least it guides you and exposes you to the possible things you should expect so to avoid heart break 💔
sr. member
Activity: 966
Merit: 391
Underestimate- nothing
Crypto is not something you enter thinking you will profit once, but because they see some people profiting from it and don't know how many months or years they spent before receiving that can of dollars. Na, the most difficult coin is bitcoin; it does not increase like other shitcoins, and you must be patient before achieving your goal on bitcoin. That is the greatest currency to invest in and minimize your risk with. Last week's market was quite awful, with coins decreasing dramatically and some investors seeing their capital shrink and begging for the coin to rise again. Now that the Bitcoin price is decreasing, if you have another funds is better for you to top your invest he will definitely raise and get double profit because bitcoin is a good investment Crypto, the prices won't increase easily with how he is now. but definitely you will just wakeup one day and see the price increase huge and you will smile on it and get what you are waiting for.

People need to remembered that with crypto you have to start gradually and their is now way that you can always get what you want, they allow their self to be driven by the profit of others that they see and the years of experience matters a lot they don't even know the challenges that the person have faced during learning and now you are only see the profits and that is what is surprising, and bitcoin is even better than shitcoins because the market is always driven by bitcoin.

That is one of the disadvantages of investing in a shit coin because they want to make quick money if not why would you be begging a dead coin to come alive before investing you already know why it is called shitcoin anything can happen to it, the risk is what they are familiar with. Buying when the price of bitcoin is down is actually a very good one, at the end of the day you will be the one in profit. Despite all the display you see from the market you just have to ignore and keep investing that is how serious minded investors behave, they always have a standby money for investment.
member
Activity: 98
Merit: 8
I’ve not been into crypto for long it’s about 8months now, I joined this airdrops group on telegram earlier this year and somehow somehow someone introduced me to this forum, I’ve learnt that this space needs time, due diligence and making the right decisions at the right time is what will help you succeed. And the growth is not zoom zoom zoom it takes a process from 0- 10,10-20……100.
There’s Valid investment (Bitcoin) and gambling (altcoins) in crypto.
full member
Activity: 434
Merit: 216
I haven't even been into  cryptocurrency for that long but the biggest thing I have learnt is that it is not a get rich quick scheme cause at first that's exactly what I thought it was

Altcoins are get-rich-quick shitcoin schemes, with higher risks and higher rewards. Bitcoin, on the other hand, is not; you just need to understand the differences. You can buy bitcoin and hodl it for a long time, while occasionally gambling with altcoins for short-term gain. The chances of being liquidated are high, but no risk, no reward, rightGrin

Don't you think it will be wrong to give a newbie the idea of gambling on altcoins due to the high risks that is associated with them because saying that no risk no reward is just like giving an impression for them to risk on altcoins but even if they should invest with an amount they can bear in case of losses but i don't think it is a good practice for newbies to invest in altcoins except for people who are matured in the system and are very much aware of the high risks involved and are willing to take the risks no matter the outcome. For newbies, buying and hodling bitcoin is more preferable than risking their money on altcoins since they are emotionally affected if they experience losses on altcoins because they are still new and don't have so much knowledge about altcoins and majority of them depends on what they hear from others and not based on their personal assessment of a particular project.
staff
Activity: 1316
Merit: 1610
The Naija & BSFL Sherrif 📛
I haven't even been into  cryptocurrency for that long but the biggest thing I have learnt is that it is not a get rich quick scheme cause at first that's exactly what I thought it was

Altcoins are get-rich-quick shitcoin schemes, with higher risks and higher rewards. Bitcoin, on the other hand, is not; you just need to understand the differences. You can buy bitcoin and hodl it for a long time, while occasionally gambling with altcoins for short-term gain. The chances of being liquidated are high, but no risk, no reward, right?  Grin
jr. member
Activity: 61
Merit: 3
I haven't even been into  cryptocurrency for that long but the biggest thing I have learnt is that it is not a get rich quick scheme cause at first that's exactly what I thought it was
member
Activity: 108
Merit: 39
Happy weekend everyone. So this question da important because most people da enter crypto now with the wrong mindset like say na get rich which scheme. So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school. No be for lazy people ahaha. Secondly no need to rush and remove fear for your mind..  make we hear una stories..
True true as you talk no be for lazy people, in all honesty eh no be wetin I been dey expect wey I see for crypto, I dived into crypto with an unrealistic expectations thinking it was a get rich quick scheme but it's more than that as I now know that crypto is a high risk and high reward investment. I have learnt to always expect not to gain all the time, I have  learnt that crypto isn't something to rush into, I have learnt to do my research before investing, I have also learnt to be patient. I'm not up to a year in this space but I've learned a few things.
sr. member
Activity: 448
Merit: 560
Crypto Casino and Sportsbook
Happy weekend everyone. So this question da important because most people da enter crypto now with the wrong mindset like say na get rich which scheme. So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school. No be for lazy people ahaha. Secondly no need to rush and remove fear for your mind..  make we hear una stories..
I really can't remember though if I think hardware I'll be able to pin a certain time span. However I think the biggest thing I've learnt from the crypto space entirely is privacy and and security. I think those two aspects of crypto and the internet at large is often underestimated. Take hodling for example, with proper understanding of how to secure your coins, you'll likely end up losing everything to some hacker or scammer.
The crypto space is a very nice space but it could also be a nightmare to people with poor understanding about it as well as those with wrong Ideas too. For the case of bitcoin, I've been able to understand over time how decentralised networks should look like as well as it's importance.
full member
Activity: 532
Merit: 181
Happy weekend everyone. So this question da important because most people da enter crypto now with the wrong mindset like say na get rich which scheme. So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school. No be for lazy people ahaha. Secondly no need to rush and remove fear for your mind..  make we hear una stories..
D thing be say most of d peopple wey get that kain mindset na people wey be say dem see person wey crypto don bless demgo com think say na so the mata dey be untill dem com enter dee say e deep pass like dat, dem no know say d people wey crypto dey bless at some point don dey into the crypeto mata since no be today so dem dey earn reward of wetindemd on dey hustle for long years but dem na go wan run am fas fas.

wetin dem supposed know be say for you to make money from crypto no be one day somthing wey be say na d same day you enter you go start to dey make d money, except say you get luck like me when i fes enter crypto, my friend wey show me been direct me say make i buy doge coin dat time and as i run am, e give me sharp funds but everybody no fit dey lucky like dat so usually na say make you try understand wetin you wan do fes before you start.

Crypto is not something you enter thinking you will profit once, but because they see some people profiting from it and don't know how many months or years they spent before receiving that can of dollars. Na, the most difficult coin is bitcoin; it does not increase like other shitcoins, and you must be patient before achieving your goal on bitcoin. That is the greatest currency to invest in and minimize your risk with. Last week's market was quite awful, with coins decreasing dramatically and some investors seeing their capital shrink and begging for the coin to rise again. Now that the Bitcoin price is decreasing, if you have another funds is better for you to top your invest he will definitely raise and get double profit because bitcoin is a good investment Crypto, the prices won't increase easily with how he is now. but definitely you will just wakeup one day and see the price increase huge and you will smile on it and get what you are waiting for.
hero member
Activity: 882
Merit: 800
Happy weekend everyone. So this question da important because most people da enter crypto now with the wrong mindset like say na get rich which scheme. So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school. No be for lazy people ahaha. Secondly no need to rush and remove fear for your mind..  make we hear una stories..
D thing be say most of d peopple wey get that kain mindset na people wey be say dem see person wey crypto don bless demgo com think say na so the mata dey be untill dem com enter dee say e deep pass like dat, dem no know say d people wey crypto dey bless at some point don dey into the crypeto mata since no be today so dem dey earn reward of wetindemd on dey hustle for long years but dem na go wan run am fas fas.

wetin dem supposed know be say for you to make money from crypto no be one day somthing wey be say na d same day you enter you go start to dey make d money, except say you get luck like me when i fes enter crypto, my friend wey show me been direct me say make i buy doge coin dat time and as i run am, e give me sharp funds but everybody no fit dey lucky like dat so usually na say make you try understand wetin you wan do fes before you start.
Cryptocurrency is not for the weak neither is it for the dull, what happened is that market get face and before you go enjoy the market find way know the faces wey e'm get before jumping into market. Like as e be now people go think say those people way invest during bear run go dey cash out and na that time dem go wan go investment for wetin people don day already cash out.

This one na wrong targeting because if you invest at the wrong time you get wrong results although not entire wrong results but e go take you time to recover the ones you lost but, just focusing knowing when the market is a the right face of investment. Like this if person wan investment s/he still get the chances to invest because we never fully enter full bullrun instead buy as little as you can hold am and wait for the massive iceblock next year.
full member
Activity: 462
Merit: 205
Duelbits.com
Happy weekend everyone. So this question da important because most people da enter crypto now with the wrong mindset like say na get rich which scheme. So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school. No be for lazy people ahaha. Secondly no need to rush and remove fear for your mind..  make we hear una stories..
D thing be say most of d peopple wey get that kain mindset na people wey be say dem see person wey crypto don bless demgo com think say na so the mata dey be untill dem com enter dee say e deep pass like dat, dem no know say d people wey crypto dey bless at some point don dey into the crypeto mata since no be today so dem dey earn reward of wetindemd on dey hustle for long years but dem na go wan run am fas fas.

wetin dem supposed know be say for you to make money from crypto no be one day somthing wey be say na d same day you enter you go start to dey make d money, except say you get luck like me when i fes enter crypto, my friend wey show me been direct me say make i buy doge coin dat time and as i run am, e give me sharp funds but everybody no fit dey lucky like dat so usually na say make you try understand wetin you wan do fes before you start.
full member
Activity: 1414
Merit: 236
Catalog Websites
I will not lie to you OP, this year make me 4 years in this industry and I have learned so many positive and negative things from this industry, that will make me to be bold to invest my money to any genuine investment that will bring good profits in the future. I learned how to take a risk to invest in a potential altcoins, and it has been helping me to maintain a short term hodling with altcoin and there is nothing that will make me to hodl altcoins for long period of years, because I know they are not reliable like BTC in this industry.

How to buy cryptocurrency in the bear run and sell cryptocurrency in the bull run are part of some of the things I learned from this industry,  once there is a bear season in the market, I will use the money I have at hand to buy and hodl for bull run to occur before I can sell to make profits, and it has helped me to accumulate profits from this industry.
hero member
Activity: 896
Merit: 654
Leading Crypto Sports Betting & Casino Platform
So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school. No be for lazy people ahaha.
Lol...The years of experience don't still matter about our crypto success, what matters is our earnings and that can be gotten through the right use of our instincts and experience, we should also pray for luck in the choice of the coins/tokens we choose. I've seen new investors win big by buying only one coin and I've seen many experienced investors that are struggling to make money out of crypto space, so it varies. Notwitsabding, I am also 2 years in crypto investment, but when it comes to ist trading and use for payments, I am way more than that, if not almost 10 years now. Cool

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Secondly no need to rush and remove fear for your mind..  make we hear una stories..
This is a good advice as patience is key in the world of investment. What's important is for the investor to make sure he understands the coin to buy very well and keep the investment moderate to avoid issues. It's also wise to invets the amount you can afford to lose, this is the only thing that can overcome fear in risk-taking activities.
sr. member
Activity: 266
Merit: 205
Happy weekend everyone. So this question da important because most people da enter crypto now with the wrong mindset like say na get rich which scheme. So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school.
You sure say person wey teach you about cryptocurrency teach you well? This one wey leaning about cryptocurrency don turn to school. Although cryptocurrency can be complicated for people wey no take time understand the whole concept, but if you understand the basics ones, you go no say E depend on your area of concentration. For cryptocurrency is either you buy bitcoin preferably, or any other altcoin and HODl. or you go into trading. If na buy and HODl, the leaning process dey easy but if na trading Naim E dey complex. But for me nothing too hard because other people dey do am too.

No be for lazy people ahaha. Secondly no need to rush and remove fear for your mind..  make we hear una stories..
Where I go agree with you say cryptocurrency or bitcoin investment no be for lazy people be say, you must work sothat the money you get you go use am Invest. and you go also dey patient. No be just a get rich quick scheme or Ponzi scheme wey dem go tell you to put $100 to get $200. You must work hard invest and dey patient and wait for Long.
Bro, you no need to blame am or ask if the person wey bring am on board teach am well or not, most times people wey dy bring this newbies them, tell them one or two things, but I believe say no be everything, so the rest is left for the person to work, by doing his own research and findings to know more on the industry, and another thing is that everyone no get the same learning speed, some people just naturally dull, so make we no expect perfection from everybody.

Lastly, one key thing for this crypto industry wey I don observe say dy very important and if you get am, you go hardly fail in the industry, and that thing na knowledge, without knowledge on how the system works and how to navigate your way around it, bro, you go she shege for mostly scammers hand or you go ignorantly dive into shit coin wey go make you lose money, so in essence of wetin I dy try talk is that knowledge is the principal thing in this crypto industry.
sr. member
Activity: 504
Merit: 389
The great city of God 🔥
Happy weekend everyone. So this question da important because most people da enter crypto now with the wrong mindset like say na get rich which scheme. So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school.
You sure say person wey teach you about cryptocurrency teach you well? This one wey leaning about cryptocurrency don turn to school. Although cryptocurrency can be complicated for people wey no take time understand the whole concept, but if you understand the basics ones, you go no say E depend on your area of concentration. For cryptocurrency is either you buy bitcoin preferably, or any other altcoin and HODl. or you go into trading. If na buy and HODl, the leaning process dey easy but if na trading Naim E dey complex. But for me nothing too hard because other people dey do am too.

No be for lazy people ahaha. Secondly no need to rush and remove fear for your mind..  make we hear una stories..
Where I go agree with you say cryptocurrency or bitcoin investment no be for lazy people be say, you must work sothat the money you get you go use am Invest. and you go also dey patient. No be just a get rich quick scheme or Ponzi scheme wey dem go tell you to put $100 to get $200. You must work hard invest and dey patient and wait for Long.
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